Border security is a hot topic and a Venture Exchange company has been advancing a tool that solves one of its most serious gaps.
Liberty Defense Holdings (TSXV:SCAN) is a leading provider of artificial intelligence (AI)-based next-generation detection solutions designed to safeguard secure locations against prohibited weapons and other threats.
With its cutting-edge HEXWAVE units, the Boston-based company is out to revolutionize the way security is ensured in various settings. It has grown its business through successful partnerships, such as its latest, signed with Viken Detection, a developer of detection technology and imaging instruments.
Background on Liberty Defense Holdings
As a multi-technology security solutions company focused on concealed weapons detection in high-volume traffic areas such as airports, the company has developed an advanced threat detection system. The team utilizes state-of-the-art AI and machine-learning algorithms to create innovative security solutions. The company’s focus is on developing next-generation detection tools that enable real-time threat identification, particularly in high-risk environments such as airports, stadiums and government buildings.
Source: Liberty Defense Holdings Ltd.
HEXWAVE: A breakthrough in threat detection
At the forefront of Liberty Defense’s product portfolio is the HEXWAVE unit. This is a walkthrough person-screening system that can detect weapons and other threats in real time based on various factors, such as their shapes.
HEXWAVE combines AI algorithms and machine learning to analyze data from various sensors, including radar and 3D imaging. It can identify concealed weapons, explosives, and other dangerous items without inconveniencing the traffic flow.
Source: Liberty Defense Holdings Ltd.
Viken detection partnership
In early February, Liberty Defense signed a partnership with Viken Detection, a notable global name in threat detection and screening technologies. It is a collaboration that involves the sale of 30 HEXWAVE units to Viken Detection, which are set for delivery later this year.
This agreement not only demonstrates the industry’s recognition of Liberty Defense’s innovative solutions but also serves as a major revenue opportunity for the company.
The company’s CEO, Bill Frain said in a statement that this agreement expands the customer outreach for the HEXWAVE technology in the Americas.
“Establishing a distribution network is key to our overall strategy as the demand grows for enhanced security and the detection of non-metallic and metallic threats.” Frain said.
“This is a perfect fit for Viken as Liberty’s next generation technologies complement our expanding portfolio of security solutions, which will deepen relationships with our existing customers and open up doors to new ones,” Viken Detection CEO Jim Ryan added.
A trusted partner
Viken Detection has established a solid reputation for providing innovative and reliable solutions to customers worldwide. The partnership with Viken Detection not only validates Liberty Defense’s technological capabilities, it also provides the potential for further collaborations and market reach.
In a previous interview with The Market Online’s “The Watchlist,” CEO Frain said, “We will address the worker aviation screening program at U.S. airports, which today, is a gap in the security.”
Airports security market and projected value
The airport security market represents a significant growth opportunity for Liberty Defense. With the increasing frequency of security breaches and evolving threat landscapes, airports are under immense pressure to enhance their security measures.
Stratis Research projects the airport security market will reach an estimated valuation of US$25.91 billion by 2031 and growing at a compound annual growth rate (CAGR) of 7.74 per cent during the forecast period 2023 to 2031, airport security is a crucial component for transit hubs and international business operations. This substantial market potential positions Liberty Defense favourably for substantial future growth.
The investment corner
The partnership with Viken Detection and the growing demand for enhanced security measures in the aviation industry make Liberty Defense an attractive investment opportunity.
HEXWAVE’s next-generation detection capabilities and its seamless integration of AI and machine-learning technologies offer a unique edge in a highly competitive market.
As the company continues to address a much-needed market with its unique technology capabilities, signing a partnership to sell HEXWAVE into an ever-growing security screening market in the Americas, Liberty Defense will only continue generating investor interest.
Moreover, Liberty Defense’s commitment to innovation positions the company for long-term growth. As security threats continue to evolve, there is a persistent need for advanced, intelligent, and efficient security solutions in multiple industries.
By investing in Liberty Defense, shareholders can be part of a company that is not only reshaping the security landscape but also capitalizing on a growing market.
With its HEXWAVE units, partnerships, and a thriving market, Liberty Defense is poised to become a dominant player in the security industry. The investment potential is sound, and by taking the next step with Liberty Defense Holdings, investors can contribute to a safer society while potentially enjoying lucrative returns on their investment.
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